Majority let to Cancer Research UK on a new 10 year lease
Busy High Street Location
Nearby occupiers include NatWest, Poundland, Robert Dyas and Zizzi
Future residential development potential (subject to consents)
For the Seller's Legal Pack, please click the Property Documents tab below
Lot 15
Auction 8th December 2016
Rent £50,000 per Annum Exclusive
Status Withdrawn Prior
Price
Sector High Street Retail
Auction Venue The Radisson Blu Portman Hotel 22 Portman Square London W1H 7BG
On the instructions of JLL
Property Information
Location
Miles
12 miles south-west of Chelmsford, 30 miles north-east of Central London
Roads
A12, A127, M25 (Junction 28)
Rail
Brentwood Rail
Air
London City and London Stansted Airports
Situation
Brentwood is a busy commuter town some 23 miles north-east of Central London. London Liverpool Street is accessible by train in 36 minutes. The property is prominently situated on the northern
side of High Street, close to the Baytree Shopping Centre which houses occupiers including WH Smith, Wilko and B&M Bargains. Other nearby occupiers include NatWest, Poundland, Robert Dyas and Zizzi.
Tenure
Freehold.
Location
Miles
12 miles south-west of Chelmsford, 30 miles north-east of Central London
Roads
A12, A127, M25 (Junction 28)
Rail
Brentwood Rail
Air
London City and London Stansted Airports
Situation
Brentwood is a busy commuter town some 23 miles north-east of Central London. London Liverpool Street is accessible by train in 36 minutes. The property is prominently situated on the northern
side of High Street, close to the Baytree Shopping Centre which houses occupiers including WH Smith, Wilko and B&M Bargains. Other nearby occupiers include NatWest, Poundland, Robert Dyas and Zizzi.
Tenure
Freehold.
Description
The property comprises a ground floor retail unit with self-contained accommodation at first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Description
The property comprises a ground floor retail unit with self-contained accommodation at first and second floors.
VAT
VAT is not applicable to this lot.
Completion Period
Six Week Completion
EPC
The EPC will be available to view online in the solicitor’s legal pack.
Tenancy & Accommodation
Unit
Floor
Use
Floor Areas (Approx)
Tenant
Term
Rent p.a.x
Reviews/ (Reversions)
87
Ground
Retail
93.46 sq m
(1,006 sq ft)
CANCER RESEARCH UK LIMITED (1)
10 years from 24/06/2016 (2)
£33,000
24/06/2021 (23/06/2026)
87
First
Offices
47.38 sq m
(510 sq ft)
INDIVIDUAL t/a Brentwood Jewellers (3)
5 years from 25/03/2016
£8,000
(24/03/2021)
87
Second
Beauty Salon
70.14 sq m
(755 sq ft)
INDIVIDUAL t/a Eden Beauty (4)
5 years from 06/06/2016
£9,000
(05/06/2021)
Total
210.98 sq m
(2,271 sq ft)
£50,000
1) Cancer Research UK is the UK’s leading cancer charity. They fund world-class research into all aspects of cancer, providing information and influencing public policy. Cancer Research UK run over 550 shops across the UK. (Source: www.cancerresearchuk.org 04/11/2016) (2) The ground floor lease provides a tenant option to determine on 23/06/2021. (3) Brentwood Jewellers have been established for more than 25 years and produce bespoke jewellery. (Source: brentwoodjewellers.com 04/11/2016) (4) Eden Beauty is a beauty salon offering a variety of treatments. (Source: www.edenbeautybrentwood.weebly.com 07/11/2016)
